Reuters logo
BRIEF-Trig Social Media acquires Torgun AB and initiates restructuring
April 7, 2017 / 1:52 PM / 6 months ago

BRIEF-Trig Social Media acquires Torgun AB and initiates restructuring

April 7 (Reuters) - Trig Social Media AB (Publ):

* Acquires Torgun AB and initiates restructuring

* Has acquired Swedish real estate company torgun ab for 10.5 million euros ($11.16 million)

* Acquisition of Torgun AB is to be paid for in company shares that will be issued in five ratchets

* In order to safeguard shareholders value and to allow acquisition to be completed, management has initiated a restructuring of company

* Restructuring ensures final payment of outstanding debt to creditors while allowing company to stabilize financially and take these strong recent acquisitions forward Source text for Eikon: Further company coverage: ($1 = 0.9412 euros) (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below